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Home / Yorkshire / Deals / Near-total shareholder support for hostile takeover

Near-total shareholder support for hostile takeover

Deals |
September 18 2017
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IP Group's hostile takeover of rival Touchstone Innovations has now reached 96% shareholder support. In a shareholder update this morning,  FTSE250-listed IP Group (IPG) said that it had received valid acceptances in respect of 84m shares - representing around 52% of the share capital of Touchstone. The deal, described earlier this year as "hostile," will be reviewed by the Competition and Markets Authority.

Invesco, which is presumed to be "acting in concert" with IPG, held 62m Touchstone shares, representing appr... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...

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